Use capital wisely to boost growth, Beijing told

The latest batch of mainland economic data has triggered a slew of cuts to analysts' forecasts for domestic growth this year, but officials are unlikely to loosen monetary policy in response.

Beijing's problem instead is how to channel already abundant financial system liquidity more efficiently, not create more of it, analysts say - despite data for May that dashed hopes of a strengthening economic rebound in the second quarter.

via Business feed http://www.scmp.com/business/economy/article/1258011/use-capital-wisely-boost-growth-beijing-told